Discounted Cash Flow (DCF) Analysis Levered
Amphenol Corporation (APH)
$78.29
-0.36 (-0.46%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 7,011.30 | 8,202 | 8,225.40 | 8,598.90 | 10,876.30 | 12,189.44 | 13,661.11 | 15,310.47 | 17,158.96 | 19,230.62 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 1,144.20 | 1,112.70 | 1,502.30 | 1,592 | 1,540.10 | 1,970.39 | 2,208.29 | 2,474.90 | 2,773.71 | 3,108.59 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -226.60 | -310.60 | -295 | -276.80 | -360.40 | -417.80 | -468.25 | -524.78 | -588.14 | -659.14 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 917.60 | 802.10 | 1,207.30 | 1,315.20 | 1,179.70 | 1,552.59 | 1,740.04 | 1,950.12 | 2,185.57 | 2,449.44 |
Weighted Average Cost Of Capital
| Share price | $ 78.29 |
|---|---|
| Beta | 1.249 |
| Diluted Shares Outstanding | 625.50 |
| Cost of Debt | |
| Tax Rate | 20.03 |
| After-tax Cost of Debt | 1.93% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.446 |
| Total Debt | 4,799.90 |
| Total Equity | 48,970.40 |
| Total Capital | 53,770.30 |
| Debt Weighting | 8.93 |
| Equity Weighting | 91.07 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 7,011.30 | 8,202 | 8,225.40 | 8,598.90 | 10,876.30 | 12,189.44 | 13,661.11 | 15,310.47 | 17,158.96 | 19,230.62 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 1,144.20 | 1,112.70 | 1,502.30 | 1,592 | 1,540.10 | 1,970.39 | 2,208.29 | 2,474.90 | 2,773.71 | 3,108.59 |
| Capital Expenditure | -226.60 | -310.60 | -295 | -276.80 | -360.40 | -417.80 | -468.25 | -524.78 | -588.14 | -659.14 |
| Free Cash Flow | 917.60 | 802.10 | 1,207.30 | 1,315.20 | 1,179.70 | 1,552.59 | 1,740.04 | 1,950.12 | 2,185.57 | 2,449.44 |
| WACC | ||||||||||
| PV LFCF | 1,427.28 | 1,470.49 | 1,515.01 | 1,560.88 | 1,608.13 | |||||
| SUM PV LFCF | 7,581.78 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 8.78 |
| Free cash flow (t + 1) | 2,498.43 |
| Terminal Value | 36,850.01 |
| Present Value of Terminal Value | 24,193.14 |
Intrinsic Value
| Enterprise Value | 31,774.93 |
|---|---|
| Net Debt | 3,602.80 |
| Equity Value | 28,172.13 |
| Shares Outstanding | 625.50 |
| Equity Value Per Share | 45.04 |